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Conclusions

In: Networks in the Russian Market Economy

Author

Listed:
  • Markku Lonkila

Abstract

This book began with a reference to Anders Åslund’s (1995) claim that ‘Russia has become a market economy’. With the wisdom of hindsight, it can be said that this was a hasty statement considering the share of barter in the Russian economy in the 1990s. Later Åslund specified his claim by noting that Russia fulfils the five criteria of a functioning market economy: economic actors are independent from the state and are able to act freely, private ownership of enterprises is prevalent and property rights reasonably secured, prices and trade are predominantly free, state subsidies are limited and transactions are largely monetized (Åslund 2007: 2–3).

Suggested Citation

  • Markku Lonkila, 2011. "Conclusions," Palgrave Macmillan Books, in: Networks in the Russian Market Economy, chapter 9, pages 141-145, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-29493-6_9
    DOI: 10.1057/9780230294936_9
    as

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